The global nanotechnology market was valued at $1.76 billion in 2020 and is projected to reach $33.63 billion by 2030, registering a CAGR of 36.4% from 2021 to 2030. Nanoscience and nanotechnology involve the study of nanoparticles and devices, which find their application across all the science fields, such as chemical, bio-medical, mechanics, and material science, among others. nanotechnology market encompasses the production and application of physical chemical and biological systems and devices at scales ranging from individual atoms or molecules to around 100 nanometers. 

Nanotechnology carries a significant impact and serves as a revolutionary and beneficial technology across various industrial domains, including communication, medicine, transportation, agriculture, energy, materials & manufacturing, and consumer products, and households. Emerging use cases and applications is expected to be one of the key factors contributing to the growth of nanotechnology market size. The U.S. National Nanotechnology Initiative has estimated that around 20,000 researchers are working in the field of nanotechnology. For the UK, the Institute of Occupational Medicine has estimated that approximately 2,000 people are employed in new nanotechnology companies and universities where they may be potentially exposed to nanoparticles.